GRCGuideline

CPG 235

Prudential Practice Guide CPG 235 - Managing Data Risk

The Prudential Practice Guide CPG 235 provides guidance for Australian financial institutions on how to effectively manage data risk. It focuses on identifying, assessing, and mitigating risks associated with data to ensure its integrity, availability, and confidentiality.

Overview

The Prudential Practice Guide CPG 235, published by the Australian Prudential Regulation Authority (APRA), aims to help regulated financial institutions develop robust strategies for managing risks tied to their data assets. The guide emphasizes the importance of data management frameworks, risk assessments, and operational controls in safeguarding data integrity, availability, and confidentiality. While not a prescriptive standard, it serves as an advisory guide to align data risk management practices with prudential standards and regulatory expectations. Key themes include governance, accountability, and embedding effective controls. Institutions are encouraged to consider their size, complexity, and risk profile when implementing recommendations from this guide.

Related in GRC

GRCStandard

APS 222 — Prudential Standard APS 222: Associations with Related Entities

APS 222 is a prudential standard issued by the Australian Prudential Regulation Authority (APRA) aimed at ensuring that authorised deposit-taking institutions (ADIs) identify, monitor, and control risks related to their associations and dealings with related entities. It mandates policies and limits on exposures to mitigate contagion and step-in risks.

Australian Prudential Regulation Authority (APRA) • Australia • vJanuary 2015

View details
GRCRegulation

APS 220 — Prudential Standard APS 220 Credit Risk Management

APS 220 sets requirements for authorised deposit-taking institutions (ADIs) to establish a comprehensive credit risk management framework. The standard includes strategies, policies, and procedures for identifying, assessing, and mitigating credit risks.

Australian Prudential Regulation Authority (APRA) • Australia • vSeptember 2020

View details
GRCRegulation

APS 210 — Prudential Standard APS 210 Liquidity

APS 210 Liquidity is a prudential standard issued by APRA requiring authorised deposit-taking institutions (ADIs) to adopt prudent practices in managing liquidity risks. It mandates maintaining adequate liquidity to meet obligations under various operating scenarios, including severe stress situations.

Australian Prudential Regulation Authority (APRA) • Australia

View details
GRCRegulation

3PS 310 — Banking, Insurance and Life Insurance (Prudential Standard) Determination No. 4 of 2016 - Prudential Standard 3PS 310 Audit and Related Matters

This prudential standard sets out auditing and related responsibilities for entities operating within the banking, insurance, and life insurance sectors in Australia. It is part of the regulatory framework administered by the Department of Treasury under the Banking Act, Insurance Act, and Life Insurance Act.

Australian Prudential Regulation Authority (APRA) • Australia

View details

Ready to manage these frameworks?

6clicks maps regulations to controls, evidence and risks — automatically.

Book your strategy call